Hsbc Holdings PLC Takes Position in Kirby Corporation $KEX

Hsbc Holdings PLC bought a new stake in Kirby Corporation (NYSE:KEX) in the 2nd quarter, Holdings Channel reports. The firm bought 21,319 shares of the shipping company’s stock, valued at approximately $2,899,000.

Several other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC raised its stake in Kirby by 2,600.0% in the fourth quarter. Rothschild Investment LLC now owns 270 shares of the shipping company’s stock valued at $30,000 after buying an additional 260 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Kirby by 537.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 306 shares of the shipping company’s stock valued at $34,000 after buying an additional 258 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Kirby by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock worth $44,000 after acquiring an additional 134 shares during the period. Root Financial Partners LLC increased its holdings in shares of Kirby by 182.9% during the 1st quarter. Root Financial Partners LLC now owns 430 shares of the shipping company’s stock worth $57,000 after acquiring an additional 278 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Kirby by 18.2% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 520 shares of the shipping company’s stock worth $69,000 after acquiring an additional 80 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Bank of America raised their price target on Kirby from $169.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. BTIG Research reissued a “buy” rating and issued a $170.00 price objective on shares of Kirby in a research report on Wednesday, July 29th. Citigroup raised their target price on shares of Kirby from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Wall Street Zen downgraded shares of Kirby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $163.20.

Kirby Stock Performance

KEX opened at $139.02 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.68 and a quick ratio of 1.12. The business has a fifty day simple moving average of $138.41 and a 200 day simple moving average of $137.88. Kirby Corporation has a 1 year low of $79.51 and a 1 year high of $157.69. The company has a market capitalization of $7.34 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.25 and a beta of 0.84.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Wednesday, July 29th. The shipping company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.04. Kirby had a return on equity of 10.44% and a net margin of 10.18%.The firm had revenue of $922.40 million for the quarter, compared to analysts’ expectations of $870.38 million. During the same quarter last year, the business earned $1.67 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. Research analysts expect that Kirby Corporation will post 7.07 EPS for the current year.

About Kirby

Kirby Corporation is a leading domestic maritime transporter of bulk liquid products in the United States. Through its Marine Transportation segment, the company operates one of North America’s largest fleets of inland tank barges and towing vessels. Kirby’s fleet moves petrochemicals, black oil, refined petroleum products and agricultural chemicals along coastal and inland waterways, providing critical logistical support to energy, chemical and agricultural producers.

In addition to its marine operations, Kirby’s Distribution and Services segment offers diesel engine and power generation services, along with aftermarket parts sales.